Third Point Master Fund February 2026 Performance
Third Point Master Fund reported a 2.5% return for February 2026, contributing to a 4.7% year-to-date performance for the Third Point Offshore Fund, Ltd. The fund's asset mix consists of 80% in Third Point Offshore Fund, Ltd. and 20% in Malibu Life Reinsurance SPC. The overall strategy has net weightings of 41.1% in Equity, 30.1% in Credit, 4.8% in Privates, and 2.9% in Other. Key contributors to the monthly performance included Keysight Technologies Inc. and Generac Holdings Inc., while CoStar Group Inc. and Amazon.com Inc. were among the top detractors.
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Monthly Update: February 2026 Performance
February 2026 Performance Highlights
Third Point Offshore Fund, Ltd. returned 2.5% in February 2026.
The
top contributors for the month included enterprise technology company Keysight Technologies Inc., industrials and materials company Generac Holdings Inc., and industrials and materials company Carpenter Technology Corp.
The top detractors for the month included financial company CoStar Group Inc., e-commerce company Amazon.com Inc., and consumer discretionary company Alibaba Group Holding Ltd.
Net Performance
| MTD | QTD | YTD | |
|---|---|---|---|
| Third Point Offshore Fund, Ltd. 2 | 2.5% | 4.7% | 4.7% |
| Current Malibu Life Asset Mix | |||
| 3 | |||
| Third Point Offshore Fund, Ltd. | 80% | ||
| Malibu Life Reinsurance SPC | 20% | ||
Portfolio Detail
4
The net weightings of the strategy at period-end were 41.1% in Equity, 30.1% in Credit, 4.8% in Privates and 2.9% in Other. A breakdown of positions, including major contributors and detractors, is provided below. For further detail please visit:
| EXPOSURE | GROSS MTD P&L 5 | NET MTD P&L 6 | GROSS YTD P&L 5 | NET YTD P&L 6 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| LONG | SHORT | NET | LONG | SHORT | NET | NET | LONG | SHORT | NET | NET | |
| Equity | 83.8% | -42.7% | 41.1% | 3.5% | -0.3% | 3.2% | 2.4% | 6.9% | -0.9% | 6.0% | 4.6% |
| Credit | 30.8% | -0.7% | 30.1% | 0.1% | 0.0% | 0.1% | 0.0% | 0.4% | 0.0% | 0.4% | 0.2% |
| Privates | 4.8% | 0.0% | 4.8% | 0.0% | 0.0% | 0.0% | 0.0% | -0.1% | 0.0% | -0.1% | -0.1% |
| Other 7 | 2.9% | 0.0% | 2.9% | 0.1% | 0.0% | 0.1% | 0.1% | 0.0% | 0.0% | 0.1% | 0.0% |
| Total | 122.2% | -43.4% | 78.8% | 3.7% | -0.3% | 3.4% | 2.5% | 7.3% | -0.9% | 6.4% | 4.7% |
Portfolio Detail
MTD Contributors8
Keysight Technologies Inc. (enterprise technology company)
Generac Holdings Inc. (industrials and materials company)
Carpenter Technology Corp. (industrials and materials company)
Union Pacific Corp. (industrials and materials company)
Pacific Gas and Electric Co. (utility company)
MTD Detractors8
CoStar Group Inc. (financial company)
Amazon.com Inc. (e-commerce company)
Alibaba Group Holding Ltd. (consumer discretionary company)
Capital One Financial Corp. (financial company)
Nvidia Corp. (enterprise technology company)
YTD Contributors8
Siemens Energy AG (industrials and materials company)
SK Square Co. Ltd. (enterprise technology company)
MasTec Inc. (industrials and materials company)
Keysight Technologies Inc. (enterprise technology company)
Ebara Corp. (industrials and materials company)
YTD Detractors8
CoStar Group Inc. (financial company)
Capital One Financial Corp. (financial company)
Amazon.com Inc. (e-commerce company)
Constellation Energy Corp. (utility company)
London Stock Exchange Group PL (financial company)
Top Gross Equity Longs8
Amazon.com Inc. (e-commerce company)
CRH PLC (industrials and materials company)
Indra Sistemas SA (enterprise technology company)
Somnigroup International Inc. (consumer discretionary company)
Telephone and Data Systems, Inc. (telecommunications company)
Top Gross Corporate Credit Longs8,9
X Corp. (enterprise technology company)
Bausch Health Cos Inc. (healthcare company)
Connect Holding II LLC (telecommunications company)
Ardagh Group SA (industrials and materials company)
MPH Acquisition Holdings LLC (healthcare company)
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